KUALA LUMPUR (June 18): theedgemalaysia.com highlighted two stocks with positive momentum and nine stocks with negative momentum at Bursa Malaysia's noon break on Tuesday.
The stocks with positive momentum were:
- K-One Technology Bhd (KL:K1) — up two sen to 29 sen
- Techbond Group Bhd (KL:TECHBND) — up 8.5 sen to 52 sen
The stocks with negative momentum were:
- ATA IMS Bhd (KL:ATAIMS) — up 16.5 sen to 51 sen
- BM Greentech Bhd (KL:BMGREEN) — up seven sen to RM1.77
- Citra Nusa Holdings Bhd (KL:CNH) — up half sen to 6.5 sen
- Ho Wah Genting Bhd (KL:HWGB) — up two sen to 28 sen
- L&P Global Bhd (KL:L&PBHD) — up 3.5 sen to 55 sen
- Nova MSC Bhd (KL:NOVAMSC) — up two sen to 18.5 sen
- Silver Ridge Holdings Bhd (KL:SRIDGE) — up 2.5 sen to 44 sen
- Sycal Ventures Bhd (KL:SYCAL) — up half sen to 25 sen
- Vinvest Capital Holdings Bhd (KL:VINVEST) — up one sen to 8.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com